“It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.”

Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

When I find new information I change my mind; What do you do?

The power to become habituated to his surroundings is a marked characteristic of mankind.

Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.

Once we allow ourselves to be disobedient to the test of an accountant’s profit, we have begun to change our civilization.

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accomplished.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

Experience shows that what happens is always the thing against which one has not made provision in advance.

The difficulty lies, not in the new ideas, but in escaping from the old ones.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.

Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

It is better to be roughly right than precisely wrong.

As human beings we suffer from an innate tendency to jump to conclusions; to judge people too quickly and to pronounce them failures or heroes without due consideration of the actual facts and ideals of the period.

Be yourself and think for yourself, and while your conclusions may not be infallible they will be nearer right than the inclusions forced upon you by those who have a personal interest in keeping you in ignorance.

Agreement can always be reached by increasing the generality of the conclusion; when this is done, the form is generally preserved but only the illusion of policy is created.

We’ve had to handle defeat many times, and you can’t drawn any conclusions.

Random thought of the day: I’ve come to the conclusion that I’m a fuck up.

Let children learn about different faiths, let them notice their incompatibility, and let them draw their own conclusions about the consequences of that incompatibility.

We have no proof, But if we extrapolate, based on the best information we have available to us, we have to come to the conclusion that, other life probably exists out there and perhaps in many places.

I don’t hire a lot of number-crunchers, and I don’t trust fancy marketing surveys. I do my own surveys and draw my own conclusions.